Industry urges Labour Party to 'leave pensions system alone'

‘It will create more confusion and needs to be left alone for a few years’

Isabel Baxter
clock • 2 min read

Most of the industry does not support the Labour Party’s proposal for a full review of the UK pensions system, a Professional Adviser poll has shown.

Our latest PA Asks results revealed that 69% do not support the proposal, 24% do and 7% do not know. This comes after Labour stated that it would undertake a review of pensions in the UK as well as "act to increase investment from pension fund in UK markets". It also committed to the state pension triple lock. Multiple industry respondents have said that the party should "leave pensions alone". One said: "Let people plan with certainty without having to worry that the rules might change in the future. "We have one life which would be considerably easier without politicians chang...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Isabel Baxter
Author spotlight

Isabel Baxter

Chief Reporter at Professional Adviser

More on Pensions

Gender pensions gap grows to £113,000

Gender pensions gap grows to £113,000

Report finds more than a third of women are likely to face poverty in retirement

Martin Richmond
clock 18 November 2025 • 3 min read
The FOMO-fuelled run on the pensions bank – where the Treasury is the only winner

The FOMO-fuelled run on the pensions bank – where the Treasury is the only winner

'You can't build a savings culture on a foundation of uncertainty'

Matt Storey
clock 17 November 2025 • 5 min read
Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Govt reportedly considering introducing a £2,000 salary sacrifice annual cap

Joseph Warne
clock 14 November 2025 • 4 min read